Liquidation/Bankruptcy – Wood Markets News

Bankruptcy

IKEA leaves Russia

The Swedish retailer IKEA plans to sell its plants in Russia. Earlier, IKEA has paused operations of its stores and three woodworking factories in Russia.

WestRock Company will permanently cease operations at its mill in Panama City, Florida, by June 6, 2022. The Panama City mill employs approximately 450 people. Employees of the Panama City mill will receive severance and outplacement assistance in accordance with Company policy and labor union agreements.